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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (61662)	1/30/2019 3:36:41 PM
From: Wallace Rivers	Respond to of 78570

Certainly not good price action on BGS in a smoking market. I'm hoping there isn't anything hiding behind the curtain. OT had my first experience day trading QID today. Wild ride to scalp a small profit. On a totally different note, got lucky with my LTBH of SYK. A clock is right twice a day!

To: E_K_S who wrote (61662)	1/31/2019 10:22:28 AM
From: Wallace Rivers	Respond to of 78570

FWIW 141 Feb 15 30 strike calls (BGS) traded this AM. I think it was a single transaction, executed in several smaller blocks.

To: E_K_S who wrote (61662)	1/31/2019 11:42:59 AM
From: richardred	Read Replies (1) \| Respond to of 78570

IMO Mr, Market is a little nervous BGS is going to make a mundane acquisition of the Kellogg's cookie business for a big price. This after receiving a great price from Hershey for Booty Popcorn. IMO cookies don't fit the healthy trend in snacks. Since another bidder is involved for this cookie business. The price might not come cheap. The stock looks cheap. However BGS current acquisition ambitions are quite aggressive for a company involved in a CEO change. I'd rather see some niche acquisitions such as the Irish Oatmeal than a biggie and back to high leverage. Green Giant frozen business still looks to be a bright spot. McCormick just gave some slowing guidance of it's business. Perhaps a sign for BGS spice business? I'd be interested in adding if they don't make a bad move.